Sentence examples for devastating downturn from inspiring English sources

Mr. Hojnacki said that with his company facing competition from China, high energy costs and a devastating downturn in the auto industry, it cannot afford to be saddled with illegitimate compensation claims.

But Lawrence Mishel, president of the liberal Economic Policy Institute, said white-collar unemployment rose faster in the past year than in any other recession dating to at least the 1970s, even the devastating downturn of the early 1980s.

Advanced, which says it has a $220 million backlog of orders for 182 of its new Jetcruzer corporate aircraft, exemplifies a new breed of aerospace manufacturers, hardened by bitter experience, that has emerged from the devastating downturn in Southern California aerospace.

Despite the recent devastating downturn in demand for space, real estate investment trusts are coming back with a vengeance.

But most agree that government action turned what would have been a modest recession into the most devastating downturn of the century.

More saving is clearly needed, along with ways to protect retirement savings from devastating downturns.

But the shift toward electric vehicles also represents a huge leap of faith for the automakers, especially as they emerge from a devastating industry downturn.

We hadn't seen each other in years, and she was happy to confide how devastating the downturn in the real estate market had been for the residents of Swanky-Town.

An isolated ripple or two in countries with specific, well-known challenges, such as India, might be containable (though domestically devastating); a more widespread downturn among emerging economies, prompted by the financial turmoil, would be likely to hit the US itself, potentially forcing the Fed to reverse course.

"The economic downturn has been devastating for all of us — however, it has been particularly devastating for those who for the past two years have been out of work known as the 99ers," said Lee in a statement Friday, after the president signed legislation preserving the 99 weeks for an additional 13 months and tax cuts for the rich for two years.

The company's Excite portal and other Web properties have been devastated by the downturn in Internet advertising, while its cable access business has been more costly and less hardy than the company had hoped.